Non-specified profession
This query is : Resolved
01 August 2011
My Client's income during the Financial Year 10-11 is from Technical fees and TDS Certificate received under 194J Gross Receipts of Rs 3.60 lakhs and TDS of Rs 0.36 lakshs, This inocme is covered u/s 44AD or not for Asst Year 11-12.
CA PARAS BAFNA
(Expert)
01 August 2011
Section 44AD is applicable for the assessee having Business Income.
Technical Service Income is covered under the professional income so section 44AD should not be opted.
Technical Service Income is covered under the professional income so section 44AD should not be opted.
01 August 2011
Agreed with Shri. Paras Bafna.
04 August 2011
Agree with experts
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